Ecommerce 

JD.com describes lawsuit as ‘meritless’ after Minnesota student accuses Richard Liu of rape in US

JD.com said it will defend itself vigorously after a University of Minnesota student accused Richard Liu, the billionaire founder and CEO of China’s second biggest e-commerce company, of rape in a lawsuit filed in Minneapolis on Tuesday, four months after prosecutors declined to pursue a criminal case.The lawsuit, which JD’s lawyers described as meritless, also names JD.com as a defendant and seeks more than US$50,000 in damages. The student, Liu Jingyao, is identified in the complaint as a… Source link

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JD.com pushes further into smart cities, offering social credit and AI-powered tools to local governments in China

JD.com has launched a big data-powered service to give social credit scores to individuals, businesses and potential investors for local governments in China, as the e-commerce company ventures further into the smart cities space.Unveiling a new brand, JD iCity, the Beijing-based company said on Thursday that it wants to double down on the intelligent city business by providing big data and artificial intelligence-powered tools to local governments. The services can be used to build social… Source link

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Can you go ‘all in’ as an employee and still have a healthy approach to work? Chinese e-commerce firm JD.com thinks so

Are tech companies in China working their employees too hard?A social media post on Tuesday by a self-described employee with e-commerce company JD.com went viral on Maimai.cn, a Chinese version of LinkedIn, reigniting debate about the work culture of China’s tech industry, which has spawned some of its biggest companies in recent years.The JD.com employee said he heard rumours that the company will implement a “995” work culture, shorthand for 9am to 9pm, five days a week, and asked if anyone… Source link

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JD.com founder Richard Liu a no-show at China’s biggest political event despite being elected a delegate last year

Richard Liu Qiangdong, the founder of China’s second largest e-commerce player JD.com, was a conspicuous no-show at the country’s largest political event of the year this week.The Two Sessions meetings, comprising the National People’s Congress (NPC), the country’s top legislature, and the Chinese People’s Political Consultative Conference (CPPCC), the government’s political advisory body, include delegates from the country’s tech giants.The tech billionaires who make up the ranks of the NPC… Source link

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Ecommerce 

JD.com sets strategy to expand into China’s smaller cities, offline businesses

Workers talk as displays show sales data at the command centre at the headquarters of e-commerce retailer JD.com in Beijing, Sunday, November 11, 2018. Online shoppers spent more than $14 billion within the first two hours of China’s annual buying frenzy on Sunday, once again breaking records as the consumer tradition enters its 10th year. (AP Photo/Mark Schiefelbein) Source link

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Ecommerce 

JD.com to fire underperforming senior managers as China’s tech lay-offs extend to executive suite

China’s winter chill has reached the executive suite, with the country’s second largest e-commerce player confirming reports that it will fire under performing senior executives after several Chinese tech companies have moved to cut rank and file staff in recent weeks amid the slowing economy.JD.com said it plans to lay off 10 per cent of its management at vice president level and above in 2019, using the “rank and yank” approach which forces department heads to identify and fire their least… Source link

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Ecommerce 

Why is JD.com spending US$400 million to buy this hotel in Beijing?

JD.com, China’s second largest e-commerce company, has closed a deal to buy the Jade Palace Hotel in Beijing for US$400 million, with the goal of transforming the five-star property into a new innovation and recruitment centre. The Nasdaq-listed company said on Monday that it acquired 100 per cent ownership of the hotel, which is located near the Chinese capital’s Zhongguancun technology hub. “The purchase of the hotel will serve JD.com’s long-term development,” a company spokesman said. “The hotel will be transformed into a space mainly for technology innovation and commercial…

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Ecommerce 

Chinese on-demand giants Meituan, JD.com invest in automation as delivery volumes surge

As more Chinese consumers embrace the concept of on-demand delivery – for everything from their morning coffee to furniture for a new apartment – the companies handling the logistics of that are investing heavily in automation to cut costs and speed up delivery. JD.com, China’s No. 2 online shopping platform, and Meituan Dianping, an online demand giant, both made their debut at CES in Las Vegas this week, showcasing their latest development efforts in autonomous delivery vehicles. At its CES booth Meituan demonstrated two autonomous delivery bots, one for a…

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Ecommerce 

JD.com restructures amid rising competition, slower growth and investor concerns

China’s second largest e-commerce player JD.com has announced a restructuring of its main shopping site and the creation of an office of the CEO to better serve its customer centric strategy and allay investor concerns amid rapid changes in China’s online shopping industry. The overhaul will divide JD Mall, JD’s main revenue driver, into three segments, according to an internal document distributed by the company’s human resource department on Friday. The segments include a unit responsible for understanding customer behaviour and market changes, another to provide services to satisfy customer demands,…

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JD.com founder Richard Liu’s rape accuser says she was lured to dinner

It was a Thursday evening in late August and a crowd had gathered at the Origami sushi restaurant in Minneapolis. One guest, a 21-year-old female Chinese undergraduate at the University of Minnesota, was initially expecting a dinner in honour of volunteers like herself. Instead, she found herself surrounded by more than a dozen Chinese executives, male attendees of a doctoral management programme for which she had been volunteering. Among them was Charlie Yao, a Chinese businessman she had met days earlier – and who had invited her to the dinner.…

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